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Question
Identify and explain the concept from the given illustration:
Baban's daughter had to be hospitalized due to weakness caused by undernourishment or lack of minimum calorie requirement in the intake of food.
Solution
- Identified concept: Absolute poverty.
- Explanation of concept: Absolute poverty can be defined as the absence of minimum income to satisfy the desired level of the calorie intake of food.
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RELATED QUESTIONS
Give economic term:
Poverty judged on the basis of relative standards of living of the people.
Give economic term:
Poverty that can be completely eradicated.
Identify and explain the concept from the given illustration:
Dhanajirao is a wealthy landlord, but his annual income is relatively less in comparison to entrepreneur Raobahadur.
Identify and explain the concept from the given illustration:
In certain parts of the State, starvation-related deaths have been observed whereas in certain areas gross wastage of food has been reported.
State with reasons whether you agree or disagree with the following statement:
Relative poverty is universal by nature.
